Cheap Homes for Rent in Park Place Neighborhood of Mobile, AL from $700 (25 Rentals)

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Search the lowest-cost Homes available for rent right now in the Park Place area of Mobile.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Park Place, Mobile, AL Local Guide

Cheapest Available Park Place Apartments for Rent

 

The cheapest available apartment rental in the Park Place area of Mobile, AL is a 2 Beds unit found at Bay Pointe Apartments priced from $725. Old Shell Commons has the second lowest priced unit, which is a 1 Bed apartment currently listed from $810. Here are the most affordable Park Place apartments for rent in Mobile, AL:

Apartment ListingModel NameBed/BathPriced From
Bay Pointe Apartments2 Bed, 1 Bath2BR,1BA$725
Old Shell CommonsMidtown1BR,1BA$810
Brookhaven Apartments1 BR 1 Bath1BR,1BA$879
The Flats at Midtown2 Bedroom 1 Bath2BR,1BA$898
Midtown Commons ApartmentsOne Bedroom/ One Bath1BR,1BA$900

Best Value Apartments for Rent in Park Place, AL

As of June 11, 2026 the best value apartment in the Park Place area is the $1.06 price per square foot 2 BEDROOMS 2 BATHROOMS Model at Midtown Oaks Townhomes in the in the Downtown Mobile neighborhood starting from $1,330. The second greatest value Park Place apartment is the The Bienville Model at Village at Midtown starting at $1,303 with a $1.12 price per square foot in the Owens neighborhood. Here is today’s list of the best values for Park Place apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Midtown Oaks Townhomes2 BEDROOMS 2 BATHROOMS2BR,2BA$1.06
Village at MidtownThe Bienville2BR,2BA$1.12
The Portier MidtownDulcie - Carriage House1BR,1BA$2.51
Bay Pointe Apartments2 Bed, 1 Bath2BR,1BA$0.94
Ashland Park1x1 Carriage with Attached Garage1BR,1BA$2.61
Bel Air712sf1BR,1BA$1.35
The Flats at Midtown2 Bedroom 1 Bath2BR,1BA$1.34
Brookhaven Apartments1 BR 1 Bath1BR,1BA$1.38
Old Shell CommonsMidtown1BR,1BA$1.42
Midtown Commons ApartmentsOne Bedroom/ One Bath1BR,1BA$1.73

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Best Local Schools in
Park Place, Mobile, AL

School data provided by Great Schools

Frequently Asked Questions about Park Place

What type of rentals are currently available in Park Place?

There are currently 80 Apartments for Rent in Park Place, AL with pricing that ranges from $695 to $10,106. There are also 57 Single Family Homes for rent, Condos, and Townhome rentals currently available in Park Place ranging from $725 to $2,500.

What is the current price range for Rental Homes in Park Place?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Park Place ranges from $725 to $2,500 with an average monthly rent of $1,286.

How much are larger Three and Four Bedroom Rentals in Park Place?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Park Place range from $1,080 to $3,566, while Three Bedroom Homes, Condos, and Townhomes for rent range from $725 to $2,200. Four Bedroom Single-Family rentals are also available starting from $1,350 and Four Bedroom Apartments start at $2,858.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.